NEED AN ANSWER ASAP

1. Which disadvantages can happen in a sole proprietorship?



Choose exactly two answers that are correct.


An owner is personally liable for business debts.


All profits go to shareholders.


Raising financial capital is difficult.


Making operational changes is challenging.


2. Which people within a corporation hire and manage the heads of departments?


the presidents


workers


the vice presidents


shareholders

3.Which people represent shareholders within the corporate structure?


department heads


the board of directors


presidents


workers


4.Which type of business can most easily raise financial capital?


a corporation


a sole proprietorship


a limited partnership


a general partnership

5.Which kind of union represents an autoworker?


industrial union


mechanical union


trade union


government union

6.Which tool can management use against labor during negotiations?


lockout


strike


picketing


boycott

7.What is the purpose of a strike?


to protest a lockout


to invite a neutral third party to propose a labor agreement


to cost a company so much money that it must give in


to obtain an injunction that forces a company to settle

8.When is mediation typically used?


when two sides are unable to reach an agreement


when a lockout is announced


when shareholders elect a new board of directors


when the government opposes a strike

9.Which responsibility do businesses have to their consumers?


to provide goods instead of services


to sell safe products


to sell products for the lowest possible price


to publicize all financial transactions

10.Why are publicly traded corporations required to release financial reports on a regular basis?


so the government can determine the corporate taxes owed


because shareholders are entitled to transparency


because it would be impossible to raise financial capital otherwise


so owners know when it is time to hire a new board of directors

11.Which service is provided by the government as a public good?


telephone service


military equipment and weapons


police protection


work boots for public employees

12.Which law did the government pass in order to encourage competition in the economy?


the Contraction Act


the Federal Anti-monopoly Act


the Sherman Antitrust Act


the Civil Rights Act

13.Which government agency regulates businesses in order to protect competition in the marketplace?


Environmental Protection Agency (EPA)


Federal Trade Commission (FTC)


Occupational Safety and Health Administration (OSHA)


Consumer Product Safety Administration (CPSC)

14.Why is it important to measure the performance of the economy?


to help government planners make good decisions


to encourage low-risk investments


to keep prices low


to protect the savings of bank depositors

15.Why are bear markets linked to recessions?


Shareholders have little confidence in the economy.


Investors are confident that the economy will soon grow.


Investors attempt to ensure corporate growth.


Shareholders want stock in new corporations.